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Crowdfunding: An Innovative Financial Source Of Small And Medium Sized - Enterprises

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  • Lect. Katarína Belanová Ph. D

    (University of Economics, Faculty of National Economy, Bratislava, Slovakia)

Abstract

Although small and medium sized - enterprises have many possibilities how to finance their needs, their access to sources of finance is difficult. This situation is even more pronounced aftermath the financial crisis from 2009. One of the possibilities how to secure sources of seed capital, respectively capital to fund various innovative projects, is crowdfunding, which is considered to be an alternative to traditional venture capital investment. The aim of the paper is to introduce this innovative funding mechanism for small and medium – sized enterprises, as well as to point out its specifics and benefits.

Suggested Citation

  • Lect. Katarína Belanová Ph. D, 2015. "Crowdfunding: An Innovative Financial Source Of Small And Medium Sized - Enterprises," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(24), pages 137-146, APRIL.
    • Handle: RePEc:aio:rteyej:v:1:y:2015:i:24:p:137-146
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    References listed on IDEAS

    as
    1. Berger, Allen N & Udell, Gregory F, 1995. "Relationship Lending and Lines of Credit in Small Firm Finance," The Journal of Business, University of Chicago Press, vol. 68(3), pages 351-381, July.
    2. Oecd, 2006. "The SME Financing Gap: Theory and Evidence," Financial Market Trends, OECD Publishing, vol. 2006(2), pages 89-97.
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    More about this item

    Keywords

    SMEs; crowdfunding; loans; financial sources;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage

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